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Crude Oil Prices Stay Above $100 as Middle East Tensions Escalate; Global Markets Under Pressure

July 24, 2026 by Devendra Patel

New Delhi, July 24, 2026: Global crude oil prices remained above the $100 per barrel mark on Friday as escalating geopolitical tensions in the Middle East heightened concerns over potential disruptions to global energy supplies. The continued rally in oil prices has increased fears of inflation, pressured equity markets, and …

Iraq’s Oil Exports to U.S. Drop Sharply: EIA Report

May 18, 2025 by Devendra Patel

U.S. crude oil imports from Iraq saw a sharp decline last week, falling by 77,000 barrels per day (bpd), according to data released on Sunday by the U.S. Energy Information Administration (EIA). During the week ending May 10, Iraq exported an average of 152,000 bpd to the U.S., down from …